It definitely can be, but it still usually isn't depending on where it comes from. IKEA is still busy selling the little remaining european old-growth forest they acquired through questionable means, as certified, renewable, eco-friendly, cheap-as-shit furniture.
2 big problems with that statement. 1st, it's being harvested at a much greater rate than it's being replenished. Second, old trees and old forests are far more valuable to the ecosystem than the cookie cutter "forests" planted after harvests.